Lakes Region Chamber Of Commerce
Lakes Region Chamber Of Commerce maintains stable finances with no reported officer compensation.
EIN: 20155643 · Laconia, NH · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $273K |
| Total Expenses | $270K |
| Program Spending | 80% |
| Net Assets | $180K |
| Transparency Score | 75/100 |
Is Lakes Region Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakes Region Chamber Of Commerce directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakes Region Chamber Of Commerce
Lakes Region Chamber Of Commerce (EIN: 20155643) is a nonprofit organization based in Laconia, NH, classified under NTEE code S41. The organization reported total revenue of $273K and total assets of $249K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakes Region Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakes Region Chamber Of Commerce is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $263K |
| Total Expenses | $270K |
| Surplus / Deficit | $-7,272 |
| Total Assets | $295K |
| Total Liabilities | $115K |
| Net Assets | $180K |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 39.0% |
| Months of Reserves | 13.1 months |
Financial Health Grade: B
In 2023, Lakes Region Chamber Of Commerce reported a deficit of $7K with expenses exceeding revenue, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 39.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lakes Region Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.3% | +21.2% | +4.0% |
| 2022 | -17.9% | -3.5% | -6.2% |
| 2021 | +48.7% | +29.6% | -1.5% |
| 2020 | -39.2% | -32.3% | +7.9% |
| 2019 | +63.1% | +56.8% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lakes Region Chamber Of Commerce with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lakes Region Chamber Of Commerce allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of this size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lakes Region Chamber Of Commerce's IRS 990 filings:
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided data makes full efficiency assessment difficult.
- Consistent 0% officer compensation is unusual for an organization with annual revenues exceeding $200,000, potentially indicating compensation is reported under other categories or that leadership is entirely volunteer.
Strengths
The following positive indicators were identified for Lakes Region Chamber Of Commerce:
- Consistent financial reporting with 13 IRS 990 filings.
- Stable asset base relative to annual revenue (e.g., $294,824 assets vs. $262,963 revenue in 202312).
- No reported officer compensation, suggesting efficient use of funds in this area.
- Generally balanced revenues and expenses, indicating operational stability.
Frequently Asked Questions about Lakes Region Chamber Of Commerce
Is Lakes Region Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakes Region Chamber Of Commerce (EIN: 20155643) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Lakes Region Chamber Of Commerce spend its money?
Lakes Region Chamber Of Commerce directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakes Region Chamber Of Commerce tax-deductible?
Lakes Region Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 20155643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lakes Region Chamber Of Commerce's spending goes to programs?
Lakes Region Chamber Of Commerce directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lakes Region Chamber Of Commerce compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lakes Region Chamber Of Commerce is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lakes Region Chamber Of Commerce located?
Lakes Region Chamber Of Commerce is headquartered in Laconia, New Hampshire and files with the IRS under EIN 20155643. It is classified under NTEE code S41.
How many years of IRS 990 filings does Lakes Region Chamber Of Commerce have?
Lakes Region Chamber Of Commerce has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $273K in total revenue.
Is Lakes Region Chamber Of Commerce a good charity?
Based on the available data, the organization appears financially stable with consistent revenue and asset levels. The lack of reported officer compensation is a positive sign for resource allocation. However, a detailed breakdown of program spending versus administrative and fundraising costs would provide a clearer picture of its overall efficiency.
How does Lakes Region Chamber Of Commerce manage its finances?
The organization generally operates near a break-even point, with revenues closely matching expenses. For example, in 202312, revenue was $262,963 and expenses were $270,235. It maintains a healthy level of assets relative to its annual revenue, such as $294,824 in assets against $262,963 in revenue in 202312.
What is the trend in Lakes Region Chamber Of Commerce's revenue?
Revenue has fluctuated over the years, ranging from a low of $147,185 in 201512 to a high of $291,805 in 201912. The latest reported revenue for 202312 was $262,963, indicating a generally upward trend from earlier periods but with year-to-year variability.
Filing History
IRS 990 filing history for Lakes Region Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lakes Region Chamber Of Commerce's revenue has grown by 95.3%, moving from $135K to $263K. Total assets decreased by 1.3% over the same period, from $299K to $295K. Total functional expenses rose by 76.1%, from $153K to $270K. In its most recent filing year (2023), Lakes Region Chamber Of Commerce reported a deficit of $7K, with expenses exceeding revenue. The organization holds $115K in liabilities against $295K in assets (debt-to-asset ratio: 39.0%), resulting in net assets of $180K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $263K | $270K | $295K | $115K | — | — |
| 2022 | $217K | $223K | $284K | $96K | — | View 990 |
| 2021 | $264K | $231K | $302K | $108K | — | View 990 |
| 2020 | $177K | $178K | $307K | $154K | — | View 990 |
| 2019 | $292K | $263K | $284K | $131K | — | — |
| 2018 | $179K | $168K | $252K | $127K | — | View 990 |
| 2017 | $183K | $180K | $294K | $180K | — | View 990 |
| 2016 | $149K | $154K | $311K | $200K | — | View 990 |
| 2015 | $147K | $148K | $304K | $188K | — | View 990 |
| 2014 | $174K | $160K | $297K | $180K | — | View 990 |
| 2013 | $157K | $149K | $405K | $302K | — | View 990 |
| 2012 | $143K | $132K | $301K | $206K | — | View 990 |
| 2011 | $135K | $153K | $299K | $215K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $263K, expenses of $270K, and assets of $295K (revenue +21.3% year-over-year).
- 2022: Revenue of $217K, expenses of $223K, and assets of $284K (revenue -17.9% year-over-year).
- 2021: Revenue of $264K, expenses of $231K, and assets of $302K (revenue +48.7% year-over-year).
- 2020: Revenue of $177K, expenses of $178K, and assets of $307K (revenue -39.2% year-over-year).
- 2019: Revenue of $292K, expenses of $263K, and assets of $284K (revenue +63.1% year-over-year).
- 2018: Revenue of $179K, expenses of $168K, and assets of $252K (revenue -2.1% year-over-year).
- 2017: Revenue of $183K, expenses of $180K, and assets of $294K (revenue +23.1% year-over-year).
- 2016: Revenue of $149K, expenses of $154K, and assets of $311K (revenue +0.9% year-over-year).
- 2015: Revenue of $147K, expenses of $148K, and assets of $304K (revenue -15.4% year-over-year).
- 2014: Revenue of $174K, expenses of $160K, and assets of $297K (revenue +10.7% year-over-year).
- 2013: Revenue of $157K, expenses of $149K, and assets of $405K (revenue +9.8% year-over-year).
- 2012: Revenue of $143K, expenses of $132K, and assets of $301K (revenue +6.4% year-over-year).
- 2011: Revenue of $135K, expenses of $153K, and assets of $299K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakes Region Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Lakes Region Chamber Of Commerce is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.